China Lodging Group Q3 Profit Up - Quick Facts

(RTTNews) - China Lodging Group, Ltd. (HTHT) Tuesday reported third-quarter profit of 124.9 million Chinese yuan, or $20.4 million, up from 95.8 million yuan, or $15.2 million, in the comparable quarter last year.

On a per-share basis, earnings were 0.50 yuan, or $0.08, up from 0.39 yuan last year. Earnings per ADS was 2.00 yuan, or $0.33, compared to 1.55 yuan last year.

Adjusted earnings for the quarter was 133.8 million yuan or 0.54 yuan per share. This translates to $21.9 million or $0.09 per share. Adjusted earnings per ADS was 2.14 yuan or $0.35.

Revenues increased to 1.15 billion yuan, or $187.4 million, from 893.64 million yuan last year.

Looking ahead to the fourth quarter, the company targets revenues in the range of 1.095 billion to 1.113 billion.